$2.02M in average volume shows that LKQ Corp (LKQ) is heading in the right direction

LKQ Corp (NASDAQ: LKQ) on Monday, soared 0.18% from the previous trading day, before settling in for the closing price of $39.15. Within the past 52 weeks, LKQ’s price has moved between $35.57 and $53.68.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 3.39%. The company achieved an average annual earnings per share of -7.54%. With a float of $261.44 million, this company’s outstanding shares have now reached $267.20 million.

Considering the fact that the conglomerate employs 49000 people, you should pay attention to its efficiency factor.

LKQ Corp (LKQ) Insider Activity

Observing investor behavior towards Auto Parts industry stocks is more important than anything else. The insider ownership of LKQ Corp is 0.69%, while institutional ownership is 99.69%. The most recent insider transaction that took place on Jul 29 ’24, was worth 99,375. In this transaction SVP – General Counsel of this company bought 2,500 shares at a rate of $39.75, taking the stock ownership to the 94,670 shares. Before that another transaction happened on Jul 29 ’24, when Company’s SVP and CFO bought 2,500 for $39.88, making the entire transaction worth $99,700. This insider now owns 58,126 shares in total.

LKQ Corp (LKQ) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -7.54% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 33.50% during the next five years compared to 18.01% growth over the previous five years of trading.

LKQ Corp (NASDAQ: LKQ) Trading Performance Indicators

LKQ Corp (LKQ) is currently performing well based on its current performance indicators. A quick ratio of 0.70 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.71. Likewise, its price to free cash flow for the trailing twelve months is 13.75.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.75, a number that is poised to hit 0.88 in the next quarter and is forecasted to reach 3.95 in one year’s time.

Technical Analysis of LKQ Corp (LKQ)

Compared to the last year’s volume of 1.85 million, its volume of 2.15 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 25.46%. Additionally, its Average True Range was 0.92.

During the past 100 days, LKQ Corp’s (LKQ) raw stochastic average was set at 32.97%, which indicates a significant increase from 21.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.19% in the past 14 days, which was lower than the 31.14% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $40.35, while its 200-day Moving Average is $45.10. Nevertheless, the first resistance level for the watch stands at $39.76 in the near term. At $40.30, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.64. If the price goes on to break the first support level at $38.88, it is likely to go to the next support level at $38.54. Should the price break the second support level, the third support level stands at $38.00.

LKQ Corp (NASDAQ: LKQ) Key Stats

Market capitalization of the company is 10.33 billion based on 266,776K outstanding shares. Right now, sales total 13,866 M and income totals 936,000 K. The company made 3,711 M in profit during its latest quarter, and 185,000 K in sales during its previous quarter.